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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 05, 2008 7:58 pm

TRO_TradeLines

Image

Are you IMPATIENT?

Do you find yourself SHORT when you should be LONG?

Do you find yourself LONG when you should be SHORT?

TRO_TradeLines may be the ANSWER!

TRO_TradeLines displays lines 25, 50, 75 and 100 pips ( user input can be changed ) from the lastest highest high or lowest low.

DO NOT EVEN THINK ABOUT ENTERING AGAINST THE COLOR OF THE LINES UNLESS ALL LINES HAVE BEEN CROSSED.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Wed Nov 05, 2008 8:44 pm

Image

See how it makes you WAIT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Pipsun » Wed Nov 05, 2008 9:17 pm

and the always trade with the H1 still applies? probably.....

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Postby TheRumpledOne » Wed Nov 05, 2008 9:31 pm

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Worth waiting!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Nov 05, 2008 9:38 pm

Image

But you must take it or the market will take it back and then some!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby razorboy » Wed Nov 05, 2008 9:52 pm

Just so I am on the same page

it looks like it plot lines at 0, 25, 50, 75 and 100

This tool plots the price, in this case as the trend falls from a recent high to a new low. Once it get past these and all of the prices are displayed, in red as the price falls, trade with the color of the H1 candle,

correct?
TheRumpledOne wrote:Image

See how it makes you WAIT!!

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Postby TheRumpledOne » Wed Nov 05, 2008 10:45 pm

NO. The SweetSpotsGold indicator plots at 00,25,50 and 75.

TRO TradeLines is plotting the lines with the RED BOXES.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TRO Trend Lines

Postby razorboy » Thu Nov 06, 2008 1:12 am

I just installed these (i uploaded the pic)

Set the look back period to 21. Not sure if I did something wrong. Take a look at the pic.


Looking at TRO's charts - not mine here, i see the following

I assume that the idea here is to trade the current bar in the with the color of the numbers (numbers are red, so you only go short) "
DO NOT EVEN THINK ABOUT ENTERING AGAINST THE COLOR OF THE LINES UNLESS ALL LINES HAVE BEEN CROSSED."


Then the trend changed and the numbers went green, H1 went green, a new candle started, and it was time to go long.

then, as time progressed, the current candle dropped and turned red.

Obviously, the trend changed, the question is how would i have know whether and where I should or should not have gone long on this candle in this situation. Just looking at the candles themselves, without the TRO trend line, I would have probably not picked that candle to go long on as it opened above the close of the previous one, to me and indication that the trend was continuing. Although on your charts there are about 20 minutes between the time the candle was green and when it was red, that flip can happen pretty fast

Josh
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Re: TRO Trend Lines

Postby Shane » Thu Nov 06, 2008 1:40 am

razorboy wrote:I just installed these (i uploaded the pic)

Set the look back period to 21. Not sure if I did something wrong. Take a look at the pic.


Looking at TRO's charts - not mine here, i see the following

I assume that the idea here is to trade the current bar in the with the color of the numbers (numbers are red, so you only go short) "
DO NOT EVEN THINK ABOUT ENTERING AGAINST THE COLOR OF THE LINES UNLESS ALL LINES HAVE BEEN CROSSED."


Then the trend changed and the numbers went green, H1 went green, a new candle started, and it was time to go long.

then, as time progressed, the current candle dropped and turned red.

Obviously, the trend changed, the question is how would i have know whether and where I should or should not have gone long on this candle in this situation. Just looking at the candles themselves, without the TRO trend line, I would have probably not picked that candle to go long on as it opened above the close of the previous one, to me and indication that the trend was continuing. Although on your charts there are about 20 minutes between the time the candle was green and when it was red, that flip can happen pretty fast

Josh


Hey Josh,

You have an extra digit in your prices. Just tack an extra zero on the end of the "myPips" input in the indicator properties box.

Looks like there are more and more brokers starting to use "pipettes" (i.e. 1/10th of a pip). Its a royal pain in the *** when you want to use indicators designed on the regular pip-standard platforms.
"If any man can convince me... ...that I do not think or act aright, gladly will I change; for I search after truth, by which man never yet was harmed. But he is harmed who abideth on still in his deception and ignorance." - Marcus Aurelius Antoninus

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Postby razorboy » Thu Nov 06, 2008 1:47 am

much thanks...worked......now to figure out how to use it...

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